Emerson Electric Co. (NYSE:EMR) Shares Acquired by Flputnam Investment Management Co.

Flputnam Investment Management Co. raised its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 135,048 shares of the industrial products company’s stock after purchasing an additional 549 shares during the period. Flputnam Investment Management Co.’s holdings in Emerson Electric were worth $16,736,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Tower Bridge Advisors grew its holdings in Emerson Electric by 3.8% in the 4th quarter. Tower Bridge Advisors now owns 6,868 shares of the industrial products company’s stock worth $851,000 after buying an additional 251 shares in the last quarter. Dynasty Wealth Management LLC boosted its position in Emerson Electric by 355.8% during the 4th quarter. Dynasty Wealth Management LLC now owns 8,974 shares of the industrial products company’s stock worth $1,112,000 after acquiring an additional 7,005 shares during the period. Argyle Capital Management LLC increased its holdings in shares of Emerson Electric by 1.7% during the fourth quarter. Argyle Capital Management LLC now owns 33,649 shares of the industrial products company’s stock valued at $4,170,000 after purchasing an additional 550 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Emerson Electric by 2.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 11,026 shares of the industrial products company’s stock valued at $1,366,000 after purchasing an additional 216 shares in the last quarter. Finally, Shoker Investment Counsel Inc. lifted its holdings in Emerson Electric by 1.0% in the fourth quarter. Shoker Investment Counsel Inc. now owns 23,641 shares of the industrial products company’s stock worth $2,930,000 after purchasing an additional 236 shares during the period. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.4 %

EMR stock opened at $121.62 on Friday. The company’s 50 day simple moving average is $124.57 and its 200-day simple moving average is $118.08. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The firm has a market capitalization of $68.58 billion, a P/E ratio of 29.03, a P/E/G ratio of 2.49 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. As a group, equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Friday, February 14th. Emerson Electric’s payout ratio is presently 50.36%.

Analyst Upgrades and Downgrades

Several research firms have commented on EMR. Deutsche Bank Aktiengesellschaft raised their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Daiwa Capital Markets started coverage on Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price on the stock. Robert W. Baird upped their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, Jefferies Financial Group assumed coverage on Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $136.90.

About Emerson Electric

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.